U.S. hedge funds boast lower losses as markets tumble further

For some of the hedge fund industry's titans, including Nelson Peltz and William Ackman, 2016 is starting with heavy losses as big bets on General Electric , Valeant , and Mondelez have been battered by the market's abrupt drop. With the Standard & Poor's 500 index tumbling another 3 percent on Wednesday to push the stock market benchmark down 10 percent for the year-to-date, most investors are feeling pain. Peltz's Trian Fund Management lost nearly 10 percent in the first two weeks of 2016